Should I Accept Lump Sum Settlements?

04/13/2017by Mark Buterbaugh

You may have heard about lump sum settlements in Workers Compensation cases. A lump sum settlement is completed through what is called a Compromise and Release. It is important to know that settlements are final. That means, should you settle your case, it is completely over and may never be re-opened. That is why, before settling your claim, you need to speak to an experienced Workers Compensation attorney at Mooney & Associates.

By speaking with us you can be assured that you are in position to settle and that you are getting a fair and reasonable settlement you deserve. Insurance carriers are out to pay as cheap as possible and to wrap up and close your claim quickly. They will never offer you what we know your case is really worth. Don’t fall for it. Call Mooney & Associates.

Many factors decide the value of your case. For instance, what is your current financial condition, your current medical condition, your chances of winning and losing your case, your employment status, whether you may need surgery, have you already had surgery, what is your actual diagnosis, will you have significant future medical expenses, which insurance carrier do you have, are you fighting for or already receiving wage loss benefits, etc . . .

Although receiving a lump sum settlement might seem attract, the determination to settle is quite complex and involves many different factors that impact the value of your case. That is precisely why it is so important to have an attorney on your side that understands your case and can position it for the maximum settlement value.

The Most Trusted Lawyers

When you partner with the attorneys of Mooney & Associates, you can trust two things: our knowledge and experience in every field of law, and that when you call us, a lawyer will answer your questions and concerns promptly. We have a long history of negotiating maximum settlements and successfully fighting for our clients in the courtroom.